Pacific Bay Minerals Ltd.: Strateco Completes Alfred Fault Drilling
May 19 2011 - 8:34AM
Marketwired Canada
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM)
(the "Company") reports that the Company has received notice from partner
Strateco Resources (TSX:RSC) that Strateco has competed 10 drill holes
comprising 5,511 metres of drilling targeting the Alfred Fault, a structure
prospective for uranium located on claims owned by Pacific Bay, under option to
Strateco (Strateco is earning 60%). No economically significant uranium
intercepts were encountered in the holes, which tested approximately 1.7
kilometres of the Alfred Fault strike length. However, the structure displays
abundant favourable alteration, and assays from 3 holes competed in 2010
intercepted 0.01% U3O8 over 0.5m (PB-10-01) and 0.01% U3O8 over 2.7m including
(PB-10-03). The Alfred Fault area remains an important exploration target for
the partners.
"Pacific Bay's claims in the Matoush region host many areas with strong
exploration potential, including the Rabbit Ears zones and the Alfred Fault,"
said Pacific Bay CEO David H. Brett. "We look forward to working with our
partners to develop next steps for our exploration plan."
The technical disclosures in this news release were reviewed and approved by
Doug Blanchflower, P.Geo., a Qualified Person, as defined by National Instrument
43-101.
Pacific Bay Minerals Ltd.
David H. Brett, MBA, President & CEO
Pacific Bay Minerals (TSXV:PBM)
Historical Stock Chart
From Mar 2025 to Apr 2025
Pacific Bay Minerals (TSXV:PBM)
Historical Stock Chart
From Apr 2024 to Apr 2025